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Regardless of how many accounts you have, your total cash contribution to all of them in any one year is limited to $3K below age 50 or $3.5K if over 50.

As an added tidbit, those are the Tax Year 2003-2004 limits. The Economic Growth and Tax Relief Reconciliation Act of 2001 has growth provisions that are only specified through 2010, but the contribution ($3k) and catch-up ($500) limits are on a slightly different schedule. The contribution limit goes to $4,000 for '05-'07 and $5,000 for '08, with some form of inflation indexing for '09 and '10. The catch-up add-on is $500 through '05, and $1,000 for '06-'10.

-n8 (not a tax advisor)
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